| Show news review of current events the world over treasury issues long term bonds because of big deficit teague retires from federal farm board by EDWARD W PICKARD T united mites the tb li is popular j lup poked posed to be the richest nation on earth the govern meat Is I 1 up against it atthe the it mean ine ing a billion dollar deficit with the prompt prospect t ut of enoth er billion deficit during the next fiscal year the trea andrw andrew ury therefore li is mellon about to issue lone long term bond for mine 3 per cent interest thi this Is in lieu ilea of an in arenie in to taxes ellch v I 1 ach provably prot ably will not be b asked until after next year years I 1 elal election if at nil all the reason f r this course Is obvious it Is I 1 expected I 1 that there will be further bond issues ae as well ea as bor a on short time certificates of the public debt which had been steadily reduced ince since lj 3 low begins to climb upward again this boid I lisue dinue announced by secretary of the treasury andrew station li ii the largest peace pence time of fering feting of long term government ob ligat lons in the country 1 history m with ith the exception of the 1000 bid bad issue liu of 1414 which was as put out to refinance ren nance orld we indebtedness tie tle interest rat rate of 3 34 per rent cent on thil this hsu lisue in I 1 the lowest of any long aa terra term govern meat financing since 1010 17 by thursday Thun ilay night the mew bond laue had bad been oversubscribed nearly e y eek eight times and secreta secretary ry mellon ua aos itle to report to the president Preel dent that the plan of litin handling dlin 19 the deficit by adding to the a on anstes I 1 of increasing IBM an as successful the bondi bonds will be dated ami and will bear litterest li terest from june 1 1831 1931 anil and III mature on june 13 15 being redeemable at the option of the on and after june IS 15 thel ther alit III be sued issued in both bearer anu and reith regi terel form in da do nomInal nomination loni of SV S aioo tl 1 1000 and aoa in adaill n there will be registered b ads in the denomination the federal reserve banka banks will be the oft lelal agencies encle for he the flotation of the laue but all banks will receive IV ulm from investors the bonis will he exempt from federal state and local taic taxes ex ceat inheritance taxes and eur our taxes GIX fatsi NY S huge flying boat da X after lone long delaye delays and various finally crossed tim the atlantic ocean successfully it mide the flight from cupe verde wi rde blands islands to i ler ernando nando noronha off on the coutt coast of in 12 hour hours and 11 16 minutia mInu tiB dealing superstition 13 berwits were w aboard r ithe the 1 i it was announced by the state department in that cut ovel acl an I 1 lars LInd herh will start before lone long on a pleasure tour of the orient in n gieir it air lockheed lick Lock heed beed plane flyum x to japan an ani I 1 china via yin the north I 1 and russia they the probably ill III foil w the route tak en by the army flyer flyers in wa 4 going to siberia beria by way ey of the alea aleu bindi p C G one at 01 the or mergers of ai the federal farm arm board and its vice tee al chairman has bag re signed having h a v I 1 n served one ro rune re year than he at first intended in mt his letter to dint hever ten dt drank arting his uon 11 sir teague tea declared the board C C teague bad fully itself and its cot co t to 10 the tsip aers he ile ant 11 I 1 that without iti its advice and revolving funi nat many fortar forta r cooperatives co would bave sm ane e under and he warmly deren lel the emergency operations of the board in ota biltz ini ing wheat an ani I 1 cotton there are two distinct methods of hIllring markets he pointed out 1 I bohil ly the one that has been emphasized mat in publicity bal been the opera tlona in beat ani ant cotton which were ere ei kirtly emergency operations un min ler taken to met en a con ditlof and end which I 1 believe are en tn Jus Justl tiMed ned and chich ali have reull fd in benefit benefits to and nd bulner bul bu ines nei centrally cene Rene rally far out wa any cc crl it to the treasury lloA however eer in my the I 1 greatest kimt benefit will III come another type of of markets bach will come through fie oe tt ici it time 1 of deel ping pin a fiteni i 4 co co atrol of ri cultural prod predicts acts whai will III effect a better control of product alon and a I 1 letter etter control of dimill ballon button and rd thus have an sit important 1 fluence in the stabilization of or market 1 D R el ri dontino on the general agri 1 cultural satiation sitt atlon the bureau of f airl cultural m of the te de apartment part ment of sericulture gri culture sh iw ws that american firmer are filing selling their produce it at less than prices bet bit are 1 about one third rio bhore re than arre the war for the tho things they bay the bureau ell toll aate that farmers now receive f P per W cent or of prewar price prices and said pr pe lm per cent at fr wid boja o 0 stiL ill in other respects the Is not bad tan am a m crop crom says ay the report ar are recoveries recovering from the ef et feet of the continue 1 cool weather winter wheat prospect prospects hare have bein in proved fruit prospects are generally reported air fair to good live LI lock stock growers appear to be keeping up berds herds and flocks despite adverse conditions in feed prospects 1 in several section sections V vinola I 1 R a 1 now 14 have islands only one governor and that Is 1 dr pact pearson for herbert D brown chief of the federal bureau of edelen cy ey has had find a spat with the doctor and retired from the co governorship which he hai has ter alsed for nearly H ID D brow two years la to 1020 cc corn cona cittee asked sir lip I 1 rown town to baym licate the islands inlands with a vie view w to reducing re ducin administration cog cos i a he male three long visits there and hia his were dis pleasing plea ein to 0 o cepl waldo pt alq then neal naval governor aso also he obtained 1 it to be expended un cler der his hi jole ole direction last win ter he recommended transfer of the islands to the interior depart deport and when thia this was done he returned to help the new now governor dottor doctor pearson Pe araon whom hom be he bad had selected for ur the job JON it la 14 said la in washington that brown having qu arreld ltd with pearson Ien has urged the removal of the later but that ll 11 la Is unlikely the president will III tak take any tiny auch such action the exact coue of the fric tion between the two men li Is not publicly kno known an G O 0 OUn Ensi orts of about halt the J states took part in the annual conference at french uck ind end and several of them disrupted the program of harmless bann lees topics by la in jaectin their own vigorous vic orous opinions opinion into their ad addressee dresse I 1 inchol of I 1 for instance los tunce on making a not hot attack in the public utility corporations instead of talking about timber unifier a ij M in the closing session salofi fi of the conference for try inz ing to avoid controversial subjects urged the return of liquor control to the th statts us ds a solution of tax taxi ion lion problem 4 E N N R finan raa cial 8 were ere approach i a ell max x du durann ng the week sith ith the state legislature preparing to vote 7 on the question of the governor iro vernor 11 henry e n r y 11 II the situation in nash L 4 4 ville was as tense though the foes toes of gov herton horton the executive were apparently la in the minority mijo rity ilor toil ton seemed undaunted moat ot of the likht articles t f irn reported to the legislature by a committee rebut to a ni anilu tin charge of colial tracy allexine Allex Int pits betelu the govenor and col lull luke I 1 en and auld well ell two bankers who ho are now un tin L indictment aj a re result quit of the bank billures fil lures of last november congressman Cong 1 ad d crump Cr uini lie the ilein nein aphis political bost boss was ct inducting the fight against the governor he kept in the background backe round the resignation of senator cott coil tItz hugh one of 0 the crump faction from the speaker ship and the election of senator A ll 11 broadbent of to nil fill his place took much of the thunder away from the defend for senator la to an independent aa an anti antl crump nian man ant an he wll wl I 1 be the next neit governor co vernor if mr sir horton Is corrod out boult eastern and western air lives planes ny my about miles rulies annually line enst it hinted fated their management operation er era tion allon truffle and sates sales and no v become divisions of the united air line lines with general ollices in chi cago the lines li it this bit big merger airel the national at ional air transport from froin new ew york to chicago and anti chicago to dallas valias the llorin llo ein mr it transport operating from irom il LI i l 1 I to t san pan E the I 1 acine air tr transport ons from scuttle seattle t to qan clero 1 ani ant the hrnry varncy mr up line operating ipe rating from sl lake city to seattle anil and the I 1 acidic bortha northwest 11 I 1 0 jonnson president of the lleone lle lne n mp intes wh i was recent 1 ly difloe 1 preM president lent of 11 ll e national allon 1 air trans art and the barney arney air I 1 tines Is to be president or of the new flew company C Ct NUlAN tax are tire hard hit by the he first budget presented to I 1 by I 1 K it 11 allenn lt ile II 11 announced a deficit of an annl said new t tabea 0 tea would be required to meet 11 i t C he propped prop sed imports aa allots love increase in the sile sales tax frem from I 1 per cent in to 4 t per cent of 3 cent po poi i late fate Ine ln crae of the income tai tax i n corporations ant an I 1 stock coni cell ables from 8 to 10 per rent cent and I 1 new now special 11 excess tax tal of 0 I 1 pet ret nt ca sll all imports lir Ir porta ports w to rf I 1 a u of the united att states s came cuni s off rf more easily that had b been ten e expected 0 only about abou 1 aw item items in the tariff against them war were altered by the premier us tome duties were raised on cite coal furniture urn iture bwy and the priced aut out nob lles liell there win bail bad dew news however hoever for fol Amer leiDS leava mho ho haie me investment s in a Co canadian nadan companies tor for sir bennalt ile n sett 0 ordained that begIn aln next jula jul income a tax ofal 0 2 c cr cent oust be paid by all foreign investors ret retelling elsing dividends from canadian Lan atilan concerns tb the only pot spot tj canalas cana lj i financial picture mr sir bennett stated wag tho th fact that th dal i ion ons loan of WO OW had been subscribed up to sua W ie emphasized that during bis his regime no fewer than 75 73 amer lean ican manufacturers had bad established esta blishel plant plants in n canada and t made n ode it clear he was ticking sticking close e to his canada fir it attitude ills is con elusion brought a great reat ovation from his alt loners pectin ise brent great benefits to result tram from the remark able meeting at t inland of chancellor bruening and foreign minister jull juli us curteus ft ith crime prime Sl minister InIster ald old and foreign SlI minister alster A arthur r t h u r chan elor ehor henderson the crushing Brut crus ning german statesmen nent ent there thursday an invitation from tie men anil and the four men disgusted discussed thoroughly the bearing bearin ir of reparations eions oa on the world economic crisis it was the hore of the germans blat tl at this conference would find a way hay out of the present financial wil wilberne derne thi chequer meeting aroused the F trench rench and nd led them to reaf una firm their contention that german reparations and the allied debts to america were inseparably connect ed by the young plan As it Is pat put by A L L jeune jenne in le ml III if 11 of I 1 arts aris on the battlefield of international debts where we vve held the front line no so lone long until the young plan brought us as back to the reserve trenches it would be a great im prudence to give lye them up 1 TS 14 A decision dec lilon tat trat seems to give n x e urance that the press of A america in e r ica Is and thai shall continue to be free the supreme court of the united states held unconstitutional the MInne Kot statute authorizing the suppression of newspapers and ther perlo heals licals ing matter bich the diem to N b defamatory ef of public or other dersom per or institutions I 1 la ite re opinion of live members of t ve court chief justice hughe ind nd associate justices holmes iran del dele itono and nd roberts the all min besola law low in to so far as it auchoi ll 11 izes such Is an in of the liberty of the prisa pro sa guaranteed by the fourte nth amendment the of the court 11 the position that the freedom of the press tu to criticize lit il ile Is one of the bill 1 narks arks of our nr tant for any ob J e of this fills freedon there Is t the I 1 reineld rei nely of t anler un ler leht I 1 ai ibid d other laws and nd that the of periodicals perlo perio licals teentie of the character of if the ii itter pub to the setting up of a c t f the I 1 fesq justice pierce hutler flutter filin self a minnesotan read a dl illi benting opinion in by butkes an n devanter noldi and I 1 that the rn opinion give gives to freed in of the press a broader in than any that hud had ever I 1 fore been beef recognized T general assem assembly lly of the A I 1 red rest sterlan chunh church in session at rebuked the federal limual of churches of christ in to america for report of its commit tee fee iipp miB of birth control and a motion instructing the bourdi to 1011 I 1 ol 01 I 1 its pence on all questions quest lons relating rell ting to morality and del bellemy lemy until they haye have been dis CUM aussel 1 butth its R RELATIONS bremler between Mu mussolini set 1 the vatican were strained algoet to t tie ie Lrea kinz point and it appeared there be no rin im p ace till settlement of the quarrel hut efta elto ts nt at 01 coi ol ilia ion lion ere being aein carried on quiet quietly 11 by minu dino grandl ter dino grandl on the one hani lion I 1 an I 1 cardinal ardinal caspar gaspar rl rt in on the oth other e r th the 0 trouble centers in irk the catholic action cl the ib ilus mussolini d e tr ee t I 1 the he I 1 dieban jinx of nil all bolth co inette I 1 nl 11 h callet ile begue of al leed ll 11 ani ant clofed de oe chili elul ani ant pl pi irois roii ja is the p pc pe in r tested against this both as tiei bet I 1 bof of the vatican city and as ben haal I 1 of the church lie a made eff the 1 his hi disapproval by ither ovi 0 X his I 1 rei rel reset antl from the ile I 1 chui celebrations ellric tie diocesan tin crida in lion atone e prohibiting church P pr cesonis an 1 I i 1 lacing tl ti e catholic antior under charge of the gave a tut 11 statement saying 1 there atas as not li it I 1 temporary abbit hi big acts sets and anti t thi h I 1 the th cubs buhs uhs per mai ent ly cl cacil bett the directory of the rose 1 1 t putty cordere or dere the ito lenders of 0 lt 1 grappi to 0 o be h ready to defend kaselaw its under halfer binner hinner and charged that ame sections of the catholic CAt tolle wety s ty luid had been openly 11 hotville 11 to fj flim a 1331 1 alro toor N npr cpr riki 11 21 |
